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Market Analysis: Global Cold Pain Therapy Market

Global cold pain therapy market is expected to rise gradually registering a substantial CAGR of 5.3% in the forecast period of 2019-2026. This rise in market value can be attributed to Increase in the number of injuries caused during sports activities, rise in emphasis on exercise and gym activities to maintain health, growth in health care expenditure due to physical injuries caused by obesity or lack of activity and stringent regulatory approval process for oral pain medicines during the forecast period .

The increase in market value can be attributed to rise in the number of injuries due to sports activities, increase in geriatric population, exercise and gym activities for health maintenance, increase in health care expenditure due to obesity and supportive initiative of the government is flourishing the market growth.

Market Definition: Global Cold Pain Therapy Market

Cold therapy also known as cryotherapy uses cold material for relieving local pain, myofascial pain and pain due to muscle spasm. It reduces the blood flow to a particular area, which help in reducing the inflammation and swelling around joints. This cold treatment slows down the blood flow to the injury and hence reducing the swelling and pain. The use of ice packs is most widely used as a primary analgesic in relieving pain. Mainly the injuries caused due to the sports activity, gym activities are the major drivers for the growth of this market.

Market Drivers

Increase in geriatric population is enhancing the market growth

Increase in demand of cold pain therapy mainly in the field of sports injury is a driving factor for the market growth

Availability of several products for pain relief in the market is accelerating the growth in the market

Supportive initiative of the government is flourishing the market growth

Market Restraints

Side effects due to use of cold pain therapies coupled with various discomforts is a restraint in the market growth

The clinical evidence for the medication of cold pain therapy is also hampering the market growth

Segmentation: Global Cold Pain Therapy Market

By Product

OTC Products

Pharmaceuticals

Gels, Ointments and Creams

Sprays and Foams

Patches

Roll-ons

Medical Devices

Cooling Towels

Compresses

Wraps

Pads

Cold packs

Prescription Products

Motorized Devices

Non-motorized Devices

By Application

Musculoskeletal Disorders

Sports Medicine

Post-Operative Therapy

Post-Trauma Therapy

By Therapy:

Icepack Therapy

Chamber Therapy

Cryosurgery

By Distribution Channel

Hospitals Pharmacies

Online Pharmacies

Retail Pharmacies

By Geography

North America

U.S.

Canada

Mexico

South America

Brazil

Argentina

Rest of South America

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe

Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Thailand

Malaysia

Indonesia

Philippines

Rest of Asia Pacific

Middle East & Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East & Africa

Key Developments in the Market:

In June 2018, Halyard Health, Inc. in Alpharetta announced a definitive agreement to acquire Cool Systems, Inc., marketed as Game Ready, a provider of cold therapy and compression therapy systems. This would help in broadening the orthopedic footprint and would provide innovative non-opioid therapies that reduce or eliminate the usage of opioids for surgical patients

In April 2019, Pacira BioSciences, Inc. announced its acquisition with MyoScience, Inc. (“MyoScience”), which will advance the non-opioid pain management by adding the FDA-approved iovera system to the Pacira commercial offering. This would help patients and healthcare providers to fight the opioid crisis by offering innovative therapies to decrease or eliminate the need for opioids

Competitive Analysis:

Global cold pain therapy market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cold pain therapy market for global Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Research Methodology: Global Cold Pain Therapy Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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